MercadoLibre reported second-quarter revenue of $10.17 billion, a 49.8% year-on-year increase that exceeded analyst expectations of $9.73 billion. Adjusted earnings per share came in at $9.19, slightly above the $9.11 consensus, while adjusted EBITDA of $975 million beat estimates by 6.3%. Operating margin fell to 6.7% from 12.2% a year earlier, which management attributed to strategic investments in customer engagement, expanded credit offerings, and technology including artificial intelligence. The company's credit book grew 75% year-on-year to $16.4 billion, and unique active buyers rose by 18 million to 89 million. CEO Ariel Szarfsztejn highlighted AI as accelerating the secular shift the company is trying to capture, while CFO Martin de los Santos emphasized disciplined investment prioritizing long-term growth over near-term profitability.
MercadoLibre Inc.Q2 revenue and EPS beat estimates, with EBITDA also exceeding expectations.
